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CGS International downgrades Meituan (MPNGF) to a Hold

Tipranks - Wed Feb 25, 5:40AM CST

Meituan received a Hold rating and a HK$93.00 price target from CGS International analyst Lei Yang CFA yesterday. The company’s shares closed yesterday at HK$85.00.

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According to TipRanks, Yang CFA is a 3-star analyst with an average return of 7.8% and a 45.16% success rate. Yang CFA covers the Consumer Cyclical sector, focusing on stocks such as Alibaba Group Holding Ltd., Meituan, and Haidilao International Holding.

Currently, the analyst consensus on Meituan is a Moderate Buy with an average price target of HK$116.66, implying a 37.25% upside from current levels. In a report released on February 16, Citi also maintained a Hold rating on the stock with a HK$94.00 price target.

MPNGF market cap is currently HK$501.5B and has a P/E ratio of -217.01.

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